technology

Samsung in talks to buy data center cooling firm Modine

ET Tech & Digital IndiaBy ET Tech & Digital India

13 Nov 2026

Original: English

AI Synopsis & Key Briefing

The companies are discussing a potential deal that could come together as soon as the coming weeks, the report added.

Key Highlights & Official Takeaways

✓The companies are discussing a potential deal that could come together as soon as the coming weeks, the report added.
✓Shares of Modine surged 29% in extended trading following the report.
✓The company had a market value of $5.6 billion as of Thursday, according to data compiled by LSEG.

Comprehensive News & Policy Report

(Catch all the Technology News News, and Latest News Updates on The Economic Times.) SynopsisThe companies are discussing a potential deal that could come together as soon as the coming weeks, the report added. ReutersThe logo of Samsung at the company's booth at the 9th China International Import Expo (CIIE) in Shanghai, China, November 5, 2026.Samsung Electronics is in talks to acquire Modine Manufacturing, a US-listed maker of cooling systems for data centers, Bloomberg News reported on Thursday, citing people familiar with the matter.

The companies are discussing a potential deal that could come together as soon as the coming weeks, the report added. Shares of Modine surged 29% in extended trading following the report. The company had a market value of $5.6 billion as of Thursday, according to data compiled by LSEG.

No final decision has been made and the talks could still fall apart, the report said, adding that another suitor could also emerge. Reuters could not immediately verify the report. Samsung and Modine could not be reached for comment immediately.

(Reporting by Fabiola Aramburo in Mexico City; Editing by Rashmi Aich) Read more news onSamsungModine Manufacturingdata center coolingacquisitionmarket value (Catch all the Technology News News, and Latest News Updates on The Economic Times.)

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